BMO Capital Markets Issues Positive Forecast for Mullen Group (TSE:MTL) Stock Price

Mullen Group (TSE:MTL) had its price target boosted by BMO Capital Markets from C$25.00 to C$32.00 in a research report sent to investors on Friday,BayStreet.CA reports.

MTL has been the topic of several other reports. Acumen Capital increased their target price on Mullen Group from C$20.50 to C$22.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Raymond James Financial increased their price objective on shares of Mullen Group from C$17.00 to C$18.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Scotiabank boosted their target price on shares of Mullen Group from C$24.00 to C$29.00 in a research report on Friday. Royal Bank Of Canada upped their price target on shares of Mullen Group from C$23.00 to C$30.00 in a report on Friday. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of Mullen Group from C$20.00 to C$22.00 and gave the company a “neutral” rating in a research note on Tuesday, June 30th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$26.00.

Mullen Group Stock Performance

TSE:MTL opened at C$28.73 on Friday. Mullen Group has a 1-year low of C$12.98 and a 1-year high of C$28.78. The company has a current ratio of 2.17, a quick ratio of 1.06 and a debt-to-equity ratio of 89.59. The stock has a 50 day simple moving average of C$22.70 and a 200 day simple moving average of C$19.38. The stock has a market cap of C$2.76 billion, a P/E ratio of 28.17, a PEG ratio of 1.81 and a beta of 1.13.

Mullen Group (TSE:MTL) last announced its earnings results on Thursday, July 23rd. The company reported C$0.41 EPS for the quarter. The company had revenue of C$609.30 million for the quarter. Mullen Group had a net margin of 4.65% and a return on equity of 9.35%.

Mullen Group Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a dividend of $0.07 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Thursday, April 30th. Mullen Group’s payout ratio is 82.35%.

Insiders Place Their Bets

In related news, Director Stephen H. Lockwood sold 3,500 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$21.50, for a total transaction of C$75,250.00. Following the completion of the transaction, the director directly owned 7,562 shares of the company’s stock, valued at C$162,583. This trade represents a 31.64% decrease in their position. 6.32% of the stock is owned by insiders.

Key Headlines Impacting Mullen Group

Here are the key news stories impacting Mullen Group this week:

• Positive Sentiment: National Bank Financial raised its price target on Mullen Group to C$31 from C$23 and reiterated an outperform rating, suggesting meaningful upside versus the current share price. National Bank Financial price target increase
• Positive Sentiment: BMO Capital Markets lifted its target to C$32 from C$25, one of the highest targets in the group and a bullish sign for valuation expectations. BMO Capital Markets price target increase
• Positive Sentiment: Desjardins increased its target to C$30 from C$23 and kept a buy rating, reflecting continued confidence in Mullen Group’s outlook. Desjardins price target increase
• Positive Sentiment: Royal Bank of Canada also raised its target to C$30 from C$23, adding to the broader analyst optimism around the stock. RBC price target increase
• Positive Sentiment: Scotiabank boosted its target to C$29 from C$24 and increased FY2026 and FY2027 EPS estimates, indicating improved earnings expectations even though its formal rating remained Sector Perform. Scotiabank estimate and target update

About Mullen Group

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.